midstream

IEA Chief Economist Fatih Birol synthesized the agency’s 2013 World Energy Outlook and his own analysis to suggest that for the next 20 years, low energy costs caused by the early and plentiful development of shale gas and energy infrastructure will give the United States a large competitive advantage over other nations when it comes to attracting and developing business.

In recent months, MarkWest Energy Partners has commenced operations of seven major infrastructure projects in the Northeast, including five new cryogenic processing plants totaling 1 Bcf/d of capacity and two fractionation facilities totaling 98,000 bpd of C2+ fractionation capacity.

The U.S. and Canada will require annual average midstream natural gas, crude oil and natural gas liquids midstream infrastructure investment of nearly $30 billion per year, or $641 billion (real US$2012) total over the 22-year period from 2014 to 2035, a new study found.

Just how serious the Ukraine-Russia situation is and whether it will threaten global security and stability is still unknown. However, the contribution of energy politics to the clash is well-established. It was on the minds of world energy leaders who met at the annual IHS-CERA Conference in Houston March 3-7, shortly after pro-Russian forces occupied strategic areas of Crimea.

American Midstream Partners LP completed acquisition of a 120-mile gas gathering and redelivery system in the oil window of the Eagle Ford Shale from a subsidiary of Penn Virginia Corp.

Global energy demand continues to grow but that growth is slowing and mainly driven by emerging economies - led by China and India - according to the BP Energy Outlook 2035.

Increasing oil and natural gas consumption in Asia-Pacific has made a significant contribution to the need for increased pipeline construction investment worldwide. The region is expected to surpass Europe to become a major growth gas market by 2015. Developing economies in the Asia-Pacific region, such as India and China, have been importing substantial quantities of crude oil and natural gas for domestic consumption and industrial use.

International tension resulting from Russia’s occupation of Crimea, territory universally recognized as belonging to Ukraine, has many facets, but Russia’s dominance of the energy market in Europe and Ukraine informs the dynamic.

Recently filed class-action lawsuits by North Dakota landowners have brought renewed attention to the controversial practice of gas flaring in that state. In their suits, the landowners claim that major producers in the region, including Continental Resources, XTO and Marathon are costing those owners their share of royalties on as much as $100 million per month of value in natural gas that has gone up in flames in order to keep oil production flowing.

Regency Energy Partners LP plans to purchase Eagle Rock Energy Partners LP’s midstream business. The acquisition will complement Regency’s core gathering and processing business, and when combined with the proposed acquisition of PVR Resources, will further diversify Regency’s basin exposure in the Texas Panhandle, East Texas and South Texas.

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